As housing prices soar and millions face the prospect of renting for life, Opposition Leader Peter Dutton has been sprung with a $30 million property portfolio.

He’s not alone, however, as more than 70% of MPs own two or more properties.

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The divide between the “haves” and “have-nots” is becoming more pronounced as home ownership rates fall. A new report by Everybody’s Home has found that even middle-income earners are struggling with rising rents.

Workers on higher wages have been told the best way to grow their nest egg is by purchasing a home, after which they are given tax incentives to leverage that value to buy investment properties.

The “haves” then rent them out to help pay their own mortgages while lower-paid workers, who cannot afford to buy, are slugged with higher rents.

Priced Out 2025 said a person needs an income of $130,000 a year to avoid rental stress. This figure is far above the average annual wage of........

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